Wells Fargo analyst Aaron Rakers raised the firm’s price target on Pure Storage to $45 from $37 and keeps an Overweight rating on the shares. Pure’s //Accelerate 2023 event reinforced the firm’s positive view on the company’s architectural differentiation and roadmap progression as well as potential opportunities in hyperscale cloud, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on PSTG:
- Pure Storage price target raised to $44 from $38 at TD Cowen
- Pure Storage Inc. Earnings Update: Did it Beat Estimate Forecasts?
- Pure Storage Announces First Quarter Fiscal 2024 Financial Results
- PSTG Earnings this Week: How Will it Perform?
- 5 Best Technology Stocks to Invest in Now, According to Analysts